Archives for Startup Basics - Page 3

Everyone makes mistakes. A professional driver could run into a stationary vehicle, a mechanic could pour a lubricant in the wrong engine spot, a doctor could misdiagnose a patient, and even highly experienced investors still unknowingly throw funds into...Continue reading

The fear of failure has killed more dreams than anyone could ever think of. A lot of people build limitations around themselves because of the fear of things going wrong in whatever they set out to do. They ponder...Continue reading

Nigeria has a vast abundance of land, resources, and climatic variations that enable it to grow different varieties of food and cash crops in its agricultural sector. As a nation with the most immerse Agricultural sector in Africa, the...Continue reading

Many employers have difficulties accepting the reality that an employee could be running a side business; especially when the side business conflicts with the company’s interests. The thought of a divided attention or a possible future competition gets them...Continue reading

As thousands of people turn towards entrepreneurship to either change their financial situations, add value to people’s lives, or simply keep themselves busy pending when they get another job, women are largely not left out. This trend is further emphasized...Continue reading

Winning contracts in Nigeria from the government and large organizations can be tough for many contractors. There is usually a strict bidding system; hundreds of businesses submit their proposals, many get screened out, and those who remain compete with...Continue reading

The fashion business is one of the fastest growing industries in the world. In Nigeria, its popularity is accelerating every day with fashion designers experiencing an increased need by people to want to purchase designer clothes, wear custom made...Continue reading

The compulsory NYSC service year is a time most new graduates get to experience a glimpse of the real world, while the Nigerian government pays them about 19,800 Naira ($65) monthly. Many of them take the period to acquire...Continue reading

One of the most common questions new business owners in Nigeria ask is what structure is best suited for their businesses? A very high percentage of them just want their businesses registered without knowing the legal implications of each...Continue reading

This article is a continuation of the previous article titled: How To Start A Diesel Supply Business In Nigeria: The Complete Guide. There I introduced the diesel supply business, how you could venture into it, profit from it, and make the...Continue reading

Renting an affordable office space in Lagos can be a pain in the neck for most entrepreneurs. You’d usually spend a lot of time checking out different locations, assessing various prices, and eventually ending up frustrated because you couldn’t...Continue reading

The oil and gas industry is one of the most profitable sectors in the world. In Nigeria, it accounts for the holy grail of the country’s economic output, making it extremely important in aiding economic development in the nation....Continue reading

The ability to land valuable partnership deals is a trait highly coveted by thousands of entrepreneurs around the world. It’s important because partnerships don’t just enable organizations or businesses to better solve a complimentary problem they both experience, but most...Continue reading

Running a business that involves the supply of goods to customers in different parts of the country or overseas can build up high transportation costs, which eventually eat into your profits. Poor management of these costs causes many businesses...Continue reading

In a previous article titled How To Register A Business In Nigeria With Just 10,500 Naira ($27): The Complete Guide, I explained the step by step process of how any individual trying a register a business name in Nigeria on...Continue reading